Block Network

August 14, 2020

Grayscale Investments Enjoys Its Best Week Ever After National Ad Blitz

The power of television is no joke. Grayscale Investments had its best fundraising week in history following an ad blitz on a number of major television networks. According to the company’s CEO Barry Silbert, Grayscale netted $217 million in investments in the days following the campaign. The firm’s Bitcoin Trust Fund was the biggest contributor to […]

Walmart Adds Crypto Cashback Through Shopping Loyalty Platform StormX

Loyalty can be so rewarding. Gamified shopping loyalty platform StormX will now let its users earn cashback in cryptocurrencies when shopping at Walmart.According to an announcement shared with Cointelegraph on August 14, StormX users can now earn up to 4% cashback in crypto for purchases made at Walmart. Users who achieve a “Diamond” rank can […]

UK Crackdown Pulls Thousands of Crypto Scams Offline

The NCSC has gone scorched earth on crypto scams. Over the past four months, the National Cyber Security Centre, or NCSC, removed over 300,000 URLs pertaining to fake celebrity-endorsed investment opportunities. More than a half of these sites belonged to fraudulent cryptocurrency investment schemes.Per an announcement published by the NCSC on August 14, an increasing […]

Enter Facebook Financial: All Bases Covered From Crypto to Stablecoins

There are multiple ways to approach digital payments, and Facebook wants to cover them all. Despite regulators across the board giving a cold shoulder to Facebook’s ambitious plan to install a worldwide crypto-based payment system called Libra, the company’s enthusiasm for moving into the digital payments space is only mounting. Earlier this week, reports emerged […]

The Yam Protocol Will Migrate Old Tokens to an Audited Contract

The saga continues… After the original Yam Finance protocol collapsed due to a single line of code, its developers are planning to relaunch the project on new, audited smart contracts.In a blog post published on Friday, the developers outlined a migration plan that will see the already existing tokens get transferred on a new smart […]

Diversity and Inclusion in Blockchain and Crypto: The Gender Aspect

Diversity and inclusion are valued higher in the crypto space than in traditional finances, but there are some cultural obstacles we need to overcome. When we talk about financial inclusion, we have to think about inclusion for whom, in what context, and what inclusion itself means. One of the common answers when thinking about who […]

Will Bitcoin Break $12,000? 4 Things to Know Heading Into the Weekend

Bitcoin and cryptocurrencies as a whole remain bullish as $12,000 comes into view once more as the markets head into the weekend. Bitcoin yet to clear $12,000 hurdleEthereum Gas prices skyrocketSmall-cap cryptos shineWatch the Bitcoin and gold correlationThis week, the Bitcoin and cryptocurrency market roared into Monday like a lion only to end the week […]

MicroStrategy Buying Bitcoin Shows Institutional Investors Seek to De-Risk

Wall Street firms are waking up to the prospect of holding Bitcoin as a hedge against uncertainties in the mainstream equities market. Bitcoin (BTC) adoption by big-money players is once again on the agenda following the recent $250 million BTC purchase by MicroStrategy. Industry commentators have also stated that corporations plugging into Bitcoin will provide […]

‘How Can You Be Bearish?’ Asks Bitcoin Trader as Tether Surpasses $12B

The supply of Tether has surpassed $12 billion and this will likely only make traders more bullish on the price of Bitcoin and alternative cryptocurrencies. The market capitalization of Tether (USDT) surpassed $12 billion as of Aug. 14, according to cryptocurrency market analytics firm Coinmetrics. Meanwhile, some believe the rapidly-rising valuation of the dominant stablecoin […]

6 Questions for Justin Rice of Stellar Development Foundation

“Decentralized technology that creates programmatic consensus to seamlessly fix inefficiencies and increase opportunity? I think it may prove to be unstoppable.” Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week our […]